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americano thank you, Pope Francis : Why The Dollar Will Collapse 100% on 28 May 2016 ? -
Note. Rothschild owns majority shares of the Vatican -
Ex...
americano thank you; The Evidence That The Dollar Will Collapse on 28 May 2016 By lindsey williams .
americano my friend - FYI. Beware: Gold Will Be Seized! Ten Reasons Why The Fed Will Take Your Gold -
Gold's multi-year march forward stopped when it went parabolic right around current resistance around 1640. Typically this happens when the market drivers are all in and start promoting it to the masses.
For a year it has gone sideways with support at 1550 - bottom of its old upchannel. It is now well under the multi-year uptrend and has the highest volume by price since it was under 1200.
I could see it taking another crack at $1900, where I extrapolate the bottom of the old up-channel.
Catalysts: Euro maintenance, US Quantitative Easement "x", or China having slower growth rates. Note that Gold was down when BRICs and China were down, so I am not sure there really is any further flight of foreign capaital from China to gold, but there might be extradition of wealth from RMB to gold.
Doubts: Instead of banging repeatedly into resistance, it has skimmed repeatedly along thin ice. It acts like the supposed market manipulators have a price (1550) they are willing to sell at and that when they are done we'll here what a bad investment (tech stocks, real estate, oil...) gold was at these prices and that it was just another "tulip craze".
Looks like DGP is at resistance today to me via the MACD you use... both bars and lines...
Test of the 100-day MA on tap. If that doesn't hold, looks like 15 is next.
Perhaps we get a bounce as the 30-minute chart is looking very oversold to me and there's some positive divergences showing up as well.
Was this the P&F chart that was aiming for 12? Now 26.5>>>
Have a good weekend frenchee!
This is starting to look intriguing giving the growing socialism ways and printing money out of thin air going on in our country.
The only thing I'm concerned about is the P&F downside target of 12.50... I might analyze this a bit more, maybe run a fib, or if you have a minute this evening, see if you can throw a fibonacci on the chart, be interested to know if the most recent pullback hit some support today or if it's near-bye.
TIA, nice charting as always in the ibox, no one has any excuses not to see the technical indicators on those, sometimes I have to move my chair back a few feet just so I can see 'em ;)
As dollar gets weaker - gold is going to get stronger!
I am watching this for an entry!
http://africa.reuters.com/metals/news/usnLS113101.html
Everything I post - is my opinon - do your own due diligence before investing.
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This board's subject is fundamental and technical discussion about DB Gold Double Long ETN, DGP. Please keep your posts on topic because your message(s) will be deleted when:
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Deutsche Bank (DB) has leapfrogged ProShares in the race to launch leveraged and inverse commodity products in the United States. The company launched three exchange-traded notes linked to the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold. The new ETNs trade on the NYSE Arca and are:
DB Gold Double Long ETN (DGP)
DB Gold Double Short ETN (DZZ)#board-12683
DB Gold Short ETN (DGZ)
The notes are designed to provide +200%, -200% and -100% of the monthly return of the underlying index, respectively. Importantly, that index is tied to the value of an investment in gold futures, not gold bullion; the two prices do not always track perfectly. Moreover, like all commodity futures products, the notes incorporate the income futures investors would gain from investing their collateral cash in Treasuries. That will add approximately 5% of positive return to each index ... including the short and double short indexes.
Note that the Treasuries return will not be leveraged in the double up or double down funds; only the return of the futures contract will be leveraged.
The fact that the notes are tied to the monthly return of the index is noteworthy. That differs from the way the popular ProShares and Rydex leveraged ETFs work, as those funds are linked to the daily return of their benchmarks. That sounds like a nominal difference, but it is not: Because of the impact of compounding, doubling the monthly return as opposed to the daily return should allow these notes (in most circumstances) to stick closer to the long-term price trends of the underlying index.
An example will explain why. Suppose you have an index starts at 100, rises 20% on day one to 120 and then drops 10% on day two to 108 (10%*120=12). The fund that doubles the daily return would rise to 140 on day one and then drop to 112 on day 2 (10%*140=28). After two days, the fund that doubled the daily return would be up 12%, while the index is up 8%.
If instead you had a fund that doubled the two-day return, it would be up 16%. The longer the interval for each measurement, the closer (in most circumstances) you'll be to doubling the long-term return of an index.
That difference could be important. ProShares has filed papers with the Securities and Exchange Commission to launch leveraged, inverse and inverse-leveraged ETFs tied to various commodities and commodity indexes, including products linked directly to gold bullion; however, it has not received approval to launch these products yet in the U.S. Deutsche Bank appears to have been able to leapfrog ProShares by using the ETN structure, which has a more streamlined approval process than ETFs.
These are the first ETNs launched directly by Deutsche Bank, although it offers a family of commodity exchange-traded funds in partnership with PowerShares. In fact, the impetus for this launch is tied directly to the existing PowerShares funds. Last year, PowerShares and DB tried to convince shareholders in the PowerShares DB Gold ETF (DGL) to switch its mandate from tracking the basic index to doubling its return. That fund had gathered just $55 million in assets, overshadowed by the $19 billion streetTRACK Gold Fund (GLD); investors appear to like the simplicity of direct bullion exposure rather than the futures+interest exposure granted by DGL.
PowerShares and DB thought that doubling the return might attract more investors and help differentiate the fund, but they were unable to gather the necessary votes for a proxy battle, and ultimately they gave up on the idea.
Clearly, Deutsche Bank was working on another approach.
The new notes charge 0.75% in expenses.
http://www.dbfunds.db.com/notes/
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